Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 01, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | QUALSTAR CORP | |
Entity Central Index Key | 758,938 | |
Trading Symbol | qbak | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 2,048,118 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash and cash equivalents | $ 4,831 | $ 4,698 |
Restricted cash | 100 | 100 |
Accounts receivables, net | 2,046 | 1,802 |
Inventories, net | 2,718 | 1,564 |
Prepaid expenses and other current assets | 188 | 163 |
Total current assets | 9,883 | 8,327 |
Non-current assets: | ||
Property and equipment, net | 120 | 172 |
Other assets | 119 | 68 |
Total assets | 10,122 | 8,567 |
Current liabilities: | ||
Accounts payable | 1,082 | 1,065 |
Accrued payroll and related liabilities | 326 | 173 |
Deferred service revenue, short-term | 710 | 834 |
Other accrued liabilities | 453 | 454 |
Total current liabilities | 2,571 | 2,526 |
Long-term liabilities: | ||
Other long-term liabilities | 39 | 52 |
Deferred service revenue | 108 | 93 |
Total long-term liabilities | 147 | 145 |
Total liabilities | 2,718 | 2,671 |
Shareholders’ equity: | ||
Preferred stock, no par value; 5,000,000 shares authorized; no shares issued | 0 | 0 |
Common stock, no par value; 50,000,000 shares authorized, shares issued and outstanding 2,048,118 at September 30, 2018 and 2,042,019 shares at December 31, 2017 | 19,519 | 19,480 |
Accumulated deficit | (12,115) | (13,584) |
Total shareholders’ equity | 7,404 | 5,896 |
Total liabilities and shareholders’ equity | $ 10,122 | $ 8,567 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, issued (in shares) | 2,048,118 | 2,042,019 |
Common stock, outstanding (in shares) | 2,048,118 | 2,042,019 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net revenues | $ 3,154 | $ 2,755 | $ 9,320 | $ 7,461 |
Cost of goods sold | 1,901 | 1,697 | 5,217 | 4,616 |
Gross profit | 1,253 | 1,058 | 4,103 | 2,845 |
Operating expenses: | ||||
Engineering | 123 | 131 | 372 | 427 |
Sales and marketing | 351 | 360 | 1,000 | 886 |
General and administrative | 374 | 715 | 1,262 | 1,563 |
Total operating expenses | 848 | 1,206 | 2,634 | 2,876 |
Income (loss) from operations | 405 | (148) | 1,469 | (31) |
Other expenses | ||||
Income (loss) before income taxes | 405 | (148) | 1,469 | (31) |
Provision for income taxes | 0 | 0 | ||
Net income (loss) | $ 405 | $ (148) | $ 1,469 | $ (31) |
Earnings (loss) per share: | ||||
Basic (in dollars per share) | $ 0.20 | $ (0.07) | $ 0.72 | $ (0.02) |
Diluted (in dollars per share) | $ 0.20 | $ (0.07) | $ 0.70 | $ (0.02) |
Shares used in per share calculation: | ||||
Basic (in shares) | 2,048 | 2,042 | 2,048 | 2,042 |
Diluted (in shares) | 2,065 | 2,042 | 2,088 | 2,042 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 1,469 | $ (31) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and amortization | 69 | 119 |
Loss on disposal of assets | 5 | |
Provision for recovery of bad debts and returns, net | 1 | (7) |
Provision for inventory obsolescence | 227 | 233 |
Share based compensation | 413 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (245) | 137 |
Inventories | (1,381) | 45 |
Prepaid expenses and other current assets | (75) | 2 |
Accounts payable | 17 | 14 |
Accrued payroll and related liabilities | 153 | (16) |
Deferred service revenue | (109) | 60 |
Other accrued liabilities | (14) | 8 |
Total adjustments | (1,357) | 1,013 |
Net cash provided by operating activities | 112 | 982 |
Cash flows from investing activities: | ||
Purchases of equipment | (18) | (10) |
Net cash used in investing activities | (18) | (10) |
Cash flows from financing activities: | ||
Proceeds from the exercise of stock options | 39 | |
Net cash provided by financing activities | 39 | |
Net increase in cash, restricted cash and cash equivalents | 133 | 972 |
Cash, restricted cash and cash equivalents at beginning of period | 4,798 | 3,791 |
Cash, restricted cash and cash equivalents at end of period | 4,931 | 4,763 |
Supplemental cash flow disclosures: | ||
Income taxes paid | $ 32 | $ 3 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 Basis of Presentation The accompanying condensed consolidated balance sheet as of December 31, 2017, Preparing condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Examples include estimates of loss contingencies, product life cycles and inventory obsolescence, bad debts, sales returns, share-based compensation, forfeiture rates, the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns and determining when investment impairments are other-than-temporary. Actual results and outcomes may On June 5, 2017, N2Power, N2Power. N2Power N2Power, N2Power On July 4, 2018, On September 5, 2018, The Company's significant accounting policies are disclosed in Note 2 10 December 31, 2017, March 16, 2018 ( no nine September 30, 2018, Effective January 1, 2018, 606, Revenue from Contracts with Customers 606" 2014 09, Revenue from Contracts with Customers 2014 09" 606 Principles of Consolidation The condensed consolidated financial statements include our accounts and the accounts of each of our wholly owned subsidiaries that were in existence during the periods presented: Qualstar Corporation Singapore Private Limited, N2Power, Interim results are not 10 Revenue Recognition Effective January 1, 2018, 606, Revenue from Contracts with Customers 606 no January 1, 2018 no January 1, 2018. 606 no 606, 606, five five 606, Furthermore, we recognize revenue when there is persuasive evidence that an arrangement exists, title and risk of loss have passed, delivery has occurred or the services have been rendered, the sales price is fixed or determinable and collection of the related receivable is reasonably assured. Title and risk of loss generally pass to our customers upon shipment. In limited circumstances where either title or risk of loss pass upon destination or acceptance or when collection is not two may We provide product warranties with varying lengths of time and terms. The product warranties are considered to be assurance-type in nature and do not 606, not A variety of technical services can be contracted by our customers for a designated period of time. The service contracts allow customers to call Qualstar for technical support, replace defective parts and to have onsite service provided by Qualstar’s third Our professional services include consulting, engineer and design services. Because control transfers over time, revenue is recognized based on progress toward completion of the performance obligation. The method to measure progress toward completion requires judgment and is based on the nature of the products or services to be provided. The Company generally uses the input method to measure progress for its contracts because it best depicts the transfer of assets to the customer, which occurs as the Company incurs costs for the contracts. Under the cost-to-cost measure of progress, the progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenue is recorded proportionally as costs are incurred. Costs to fulfill these obligations include labor and subcontractor costs. Deferred service revenue is shown separately in the condensed consolidated balance sheets as current and long term. At September 30, 2018 $818,000. December 31, 2017, $927,000. Legal and Other Contingencies The outcomes of legal proceedings and claims brought against us are subject to significant uncertainty. An estimated loss from a loss contingency such as a legal proceeding or claim is accrued by a charge to income if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. When legal costs that the entity expects to incur in defending itself in connection with a loss contingency accrual are expected to be material, the loss should factor in all costs and, if the legal costs are reasonably estimable, they should be accrued in accordance with ASC 450, Fair Value of Financial Instruments The carrying amounts of the Company's financial instruments, which include cash equivalents, accounts receivable, accounts payable, related party, and other long-term liabilities, approximate their fair values. Accounting for Income Taxes We estimate our tax liabilities based on current tax laws in the statutory jurisdictions in which we operate in accordance with ASC 740, may not 50% 740 We maintain a valuation allowance to reduce our deferred tax assets due to the uncertainty surrounding the timing of realizing the benefits of net deferred tax assets in future years. We have considered future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for such a valuation allowance. In the event we were to determine that we would be able to realize all or part of our net deferred tax asset in the future, the valuation allowance would be decreased accordingly. We may may not Operating Segments The Company operates in two two |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | NOTE 2 Recent accounting guidance not In July 2018, 2018 10 2018 11 December 15, 2018. 2018 10 2018 11 may In July 2018, 2018 09, 2018 09 December 15, 2018. 2018 09 may In June 2018, 2018 07 718, December 15, 2018. 2018 07 may In February 2018, 2018 02 December 22, 2017. December 15, 2018. 2018 02 may In February 2016, 2016 02 2018 10 2016 02, December 15, 2018. 2016 02 may |
Note 3 - Significant Customers,
Note 3 - Significant Customers, Concentration of Credit Risk, and Geographic Information | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | NOTE 3 We have no may Our financial results could be affected by changes in foreign currency exchange rates or weak economic conditions in foreign markets. As all sales are currently made in U.S. dollars, a strengthening of the dollar could make our products less competitive in foreign markets. Three Months Ended September 30, Nine months Ended September 30, 2018 2017 2018 2017 Revenue – geographic activity (in thousands): (unaudited) (unaudited) (unaudited) (unaudited) $ % $ % $ % $ % North America $ 1,723 54.6 % $ 1,962 71.2 % $ 5,082 54.5 % $ 4,785 64.1 % Europe 545 17.3 % 356 12.9 % 1,427 15.3 % 1,447 19.4 % Asia Pacific 883 28.0 % 396 14.4 % 2,769 29.7 % 1,113 14.9 % Other 3 0.1 % 41 1.5 % 42 0.5 % 116 1.6 % $ 3,154 100.0 % $ 2,755 100.0 % $ 9,320 100.0 % $ 7,461 100.0 % Three 12.1%, 11.1% 10.7% three September 30, 2018. September 30, 2018, three 60.0% One 14.6% three September 30, 2017. December 31, 2017, two September 30, 2018 31.1% One 12.3% nine September 30, 2018. A 15.0% nine September 30, 2017. |
Note 4 - Net Earnings Per Share
Note 4 - Net Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 4 NET EARNINGS PER SHARE Basic net earnings per share has been computed by dividing net income or loss by the weighted average number of common shares outstanding. Diluted net earnings per share has been computed by dividing net earnings by the weighted average common shares outstanding plus dilutive securities or other contracts to issue common stock as if these securities were exercised or converted to common stock. The following table sets forth the computation of basic and diluted net income or loss per share for the periods indicated, in thousands, except per share amounts. Three Months Ended September 30, Nine months Ended September 30, 2018 2017 2018 2017 In thousands (except per share amounts): Net income (loss) (a) $ 405 $ (148 ) $ 1,469 $ (31 ) Weighted average outstanding shares of common stock (b) 2,048 2,042 2,048 2,042 Dilutive potential common shares from employee stock options 17 — 40 — Common stock and common stock equivalents (c) 2,065 2,042 2,088 2,042 Income per share: Basic net income (loss) per share (a)/(b) $ 0.20 $ (0.07 ) $ 0.72 $ (0.02 ) Diluted net income (loss) per share (a)/(c) $ 0.20 $ (0.07 ) $ 0.70 $ (0.02 ) For the three nine September 30, 2018, 1,333 188,633 |
Note 5 - Balance Sheet Details
Note 5 - Balance Sheet Details | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | NOTE 5 - BALANCE SHEET DETAILS The following tables provide details of selected balance sheet accounts (in thousands): Inventories Inventories are stated at the lower of cost ( first first September 30, 201 8 December 31, 201 7 (unaudited) Raw materials $ 174 $ 55 Finished goods 2,544 1,509 Net inventory balance $ 2,718 $ 1,564 Property and equipment, net The components of property and equipment are as follows (in thousands): September 30, 2018 December 31, 2017 (unaudited) Leasehold improvements $ 114 $ 114 Furniture and fixtures 286 268 Machinery and equipment 836 842 1,236 1,224 Less accumulated depreciation and amortization (1,116 ) (1,052 ) Property and equipment, net $ 120 $ 172 Depreciation and amortization expense for the three September 30, 2018 2017 $17,000 $36,000 nine September 30, 2018 2017 $69,000 $119,000 Other Accrued Liabilities The components of other liabilities are as follows (in thousands): September 30, 2018 December 31 , 201 7 (unaudited) Accrued warranty $ 372 $ 322 Accrued outside commissions 48 69 Deferred rent 24 29 Other accrued liabilities 9 34 Total other accrued liabilities $ 453 $ 454 |
Note 6 - Contingencies
Note 6 - Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | NOTE 6 –CONTINGENCIES Accrued Warranty We provide for the estimated costs of hardware warranties at the time the related revenue is recognized. We estimate the costs based on historical and projected product failure rates, historical and projected repair costs, and knowledge of specific product failures (if any). The specific hardware warranty terms and conditions for tape libraries generally include parts and labor over a three three Activity in the liability for product warranty, which is included in other accrued liabilities in the condensed consolidated balance sheets for the periods presented, is as follows (in thousands): Nine months Ended September 30, 201 8 Year Ended December 31, 201 7 (unaudited) Beginning balance $ 322 $ 236 Cost of warranty claims (13 ) (37 ) Accruals for product warranties 63 123 Ending balance $ 372 $ 322 |
Note 7 - Commitments
Note 7 - Commitments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | NOTE 7 –CO MMITMENTS Lease Agreements Qualstar leases a 15,160 three December 15, 2014 three February 28, 2021. $11,000 3% 11, Qualstar also leases approximately 5,400 January 31, 2020. $11,000 3% March 21, 2016, $12,000 3% Effective April 1, 2016, two 1,359 $2,500 June 30, 2019. The Company provides for rent expense on a straight-line basis over the lease terms. Future minimum lease payments under these leases are as follows, in thousands, (unaudited): Years Ending December 31, Minimum Lease Payment Sublease Revenue Net Minimum Lease Payment Remainder of 2018 $ 73 (36 ) $ 37 2019 274 (147 ) 127 2020 147 (12 ) 135 2021 23 - 23 Total Commitment $ 517 $ (195 ) $ 322 Net rent expense for the three September 30, 2018 2017 $37,000 $36,000, nine September 30, 2018 2017 $113,000 $107,000, |
Note 8 - Stock Incentive Plans
Note 8 - Stock Incentive Plans and Share-based Compensation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 8 – STOCK INCENTIVE PLANS AND S HARE- BASED COMPENSATION Share-Based Compensation The Company did not nine September 30, 2018 2017. No September 30, 2018, not Stock Option Plan The Company has two Qualstar adopted the 2008 “2008 2008 no may 20,000 2008 The 2017 “2017 June 13, 2017. 2017 2017 200,000 With respect to options, the fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses various assumptions, such as volatility, expected term and risk-free interest rate. Expected volatilities are based on the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination in determining forfeiture rates. The expected term of options granted is estimated based on the vesting term of the award, historical employee exercise behavior, expected volatility of the Company’s stock and an employee’s average length of service. The risk-free interest rate used in this model correlates to a U.S. constant rate Treasury security with a contractual life that approximates the expected term of the option award. The following table summarizes stock option activity: Options Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 2017 188,033 $ 7.38 8.63 — Granted — — — — Exercised (5,500 ) 7.08 — — Forfeited, canceled or expired (4,533 ) 15.23 — — Outstanding at September 30, 2018 178,000 7.19 8.01 — Exercisable at September 30, 2018 178,000 $ 7.19 8.01 $ — |
Note 9 - Income Taxes
Note 9 - Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 9 – INCOME TAXES We did not nine September 30, 2018 2017, |
Note 10 - Segment Information
Note 10 - Segment Information | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 1 0 – SEGMENT INFORMATION In its operation of the business, management reviews certain financial information, including segmented internal profit and loss statements prepared on a basis consistent with U.S. GAAP. Our two two three nine September 30, 2018 2017. two three nine September 30, 2018 2017. Power Supplies Storage Segment revenue, income before taxes and total assets were as follows (in thousands): Three Months Ended September 30, Nine months Ended September 30, 201 8 201 7 201 8 201 7 Revenue Power Supplies $ 1,612 $ 1,542 $ 4,598 $ 4,655 Storage: Product 789 791 1,973 1,658 Service 753 422 2,749 1,148 Total storage $ 1,542 $ 1,213 $ 4,722 $ 2,806 Revenue $ 3,154 $ 2,755 $ 9,320 $ 7,461 Three Months Ended September 30, Nine months Ended September 30, 201 8 201 7 201 8 201 7 Income (loss) before Taxes Power Supplies $ 164 $ 4 $ 181 $ 44 Storage 241 (152 ) 1,288 (75 ) Income (loss) before taxes $ 405 $ (148 ) $ 1,469 $ (31 ) September 30, 2018 December 31, 201 7 Total Assets ( ) Power Supplies Cash and cash equivalents $ 255 $ 721 Accounts receivable, net 1,248 831 Inventories, net 1,465 725 Property and equipment, net 51 64 Other assets 98 8 Total power supply assets 3,117 2,349 Storage Cash and cash equivalents $ 4,576 $ 3,977 Restricted cash 100 100 Accounts receivable, net 798 971 Inventories, net 1,253 839 Prepaid expenses and other current assets 180 163 Property and equipment, net 69 108 Other assets 29 60 Total storage assets 7,005 6,218 Total Assets $ 10,122 $ 8,567 |
Note 11 - Related Party Transac
Note 11 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 1 1 – RELATED PARTY TRANSACTIONS Steven N. Bronson is the Company’s CEO and is also the President and CEO and a majority shareholder of Interlink Electronics, Inc. (“Interlink”). Interlink reimburses Qualstar for leased space at the Simi Valley facility and for other administrative expenses paid by or on behalf of the Company. The total amount charged to Interlink for the three September 30, 2018 2017 $4,000 $3,000, $12,000 $8,000 nine September 30, 2018 2017, $1,000 $2,000 September 30, 2018 December 31, 2017, The Company reimburses Interlink for expenses paid on the Company’s behalf. Interlink occasionally pays travel and other expenses incurred by Qualstar. The Company reimbursed Interlink $50,000 $1,000 three September 30, 2018 2017, $180,000 $8,000 nine September 30, 2018 2017, not September 30, 2018. December 31, 2017, $17,000. |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 1 2 – SUBSEQUENT EVENTS None. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying condensed consolidated balance sheet as of December 31, 2017, Preparing condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. Examples include estimates of loss contingencies, product life cycles and inventory obsolescence, bad debts, sales returns, share-based compensation, forfeiture rates, the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns and determining when investment impairments are other-than-temporary. Actual results and outcomes may On June 5, 2017, N2Power, N2Power. N2Power N2Power, N2Power On July 4, 2018, On September 5, 2018, The Company's significant accounting policies are disclosed in Note 2 10 December 31, 2017, March 16, 2018 ( no nine September 30, 2018, Effective January 1, 2018, 606, Revenue from Contracts with Customers 606" 2014 09, Revenue from Contracts with Customers 2014 09" 606 |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The condensed consolidated financial statements include our accounts and the accounts of each of our wholly owned subsidiaries that were in existence during the periods presented: Qualstar Corporation Singapore Private Limited, N2Power, Interim results are not 10 |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition Effective January 1, 2018, 606, Revenue from Contracts with Customers 606 no January 1, 2018 no January 1, 2018. 606 no 606, 606, five five 606, Furthermore, we recognize revenue when there is persuasive evidence that an arrangement exists, title and risk of loss have passed, delivery has occurred or the services have been rendered, the sales price is fixed or determinable and collection of the related receivable is reasonably assured. Title and risk of loss generally pass to our customers upon shipment. In limited circumstances where either title or risk of loss pass upon destination or acceptance or when collection is not two may We provide product warranties with varying lengths of time and terms. The product warranties are considered to be assurance-type in nature and do not 606, not A variety of technical services can be contracted by our customers for a designated period of time. The service contracts allow customers to call Qualstar for technical support, replace defective parts and to have onsite service provided by Qualstar’s third Our professional services include consulting, engineer and design services. Because control transfers over time, revenue is recognized based on progress toward completion of the performance obligation. The method to measure progress toward completion requires judgment and is based on the nature of the products or services to be provided. The Company generally uses the input method to measure progress for its contracts because it best depicts the transfer of assets to the customer, which occurs as the Company incurs costs for the contracts. Under the cost-to-cost measure of progress, the progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenue is recorded proportionally as costs are incurred. Costs to fulfill these obligations include labor and subcontractor costs. Deferred service revenue is shown separately in the condensed consolidated balance sheets as current and long term. At September 30, 2018 $818,000. December 31, 2017, $927,000. |
Legal Costs, Policy [Policy Text Block] | Legal and Other Contingencies The outcomes of legal proceedings and claims brought against us are subject to significant uncertainty. An estimated loss from a loss contingency such as a legal proceeding or claim is accrued by a charge to income if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. When legal costs that the entity expects to incur in defending itself in connection with a loss contingency accrual are expected to be material, the loss should factor in all costs and, if the legal costs are reasonably estimable, they should be accrued in accordance with ASC 450, |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The carrying amounts of the Company's financial instruments, which include cash equivalents, accounts receivable, accounts payable, related party, and other long-term liabilities, approximate their fair values. |
Income Tax, Policy [Policy Text Block] | Accounting for Income Taxes We estimate our tax liabilities based on current tax laws in the statutory jurisdictions in which we operate in accordance with ASC 740, may not 50% 740 We maintain a valuation allowance to reduce our deferred tax assets due to the uncertainty surrounding the timing of realizing the benefits of net deferred tax assets in future years. We have considered future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for such a valuation allowance. In the event we were to determine that we would be able to realize all or part of our net deferred tax asset in the future, the valuation allowance would be decreased accordingly. We may may not |
Segment Reporting, Policy [Policy Text Block] | Operating Segments The Company operates in two two |
Note 3 - Significant Customer_2
Note 3 - Significant Customers, Concentration of Credit Risk, and Geographic Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three Months Ended September 30, Nine months Ended September 30, 2018 2017 2018 2017 Revenue – geographic activity (in thousands): (unaudited) (unaudited) (unaudited) (unaudited) $ % $ % $ % $ % North America $ 1,723 54.6 % $ 1,962 71.2 % $ 5,082 54.5 % $ 4,785 64.1 % Europe 545 17.3 % 356 12.9 % 1,427 15.3 % 1,447 19.4 % Asia Pacific 883 28.0 % 396 14.4 % 2,769 29.7 % 1,113 14.9 % Other 3 0.1 % 41 1.5 % 42 0.5 % 116 1.6 % $ 3,154 100.0 % $ 2,755 100.0 % $ 9,320 100.0 % $ 7,461 100.0 % |
Note 4 - Net Earnings Per Sha_2
Note 4 - Net Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended September 30, Nine months Ended September 30, 2018 2017 2018 2017 In thousands (except per share amounts): Net income (loss) (a) $ 405 $ (148 ) $ 1,469 $ (31 ) Weighted average outstanding shares of common stock (b) 2,048 2,042 2,048 2,042 Dilutive potential common shares from employee stock options 17 — 40 — Common stock and common stock equivalents (c) 2,065 2,042 2,088 2,042 Income per share: Basic net income (loss) per share (a)/(b) $ 0.20 $ (0.07 ) $ 0.72 $ (0.02 ) Diluted net income (loss) per share (a)/(c) $ 0.20 $ (0.07 ) $ 0.70 $ (0.02 ) |
Note 5 - Balance Sheet Details
Note 5 - Balance Sheet Details (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | September 30, 201 8 December 31, 201 7 (unaudited) Raw materials $ 174 $ 55 Finished goods 2,544 1,509 Net inventory balance $ 2,718 $ 1,564 |
Property, Plant and Equipment [Table Text Block] | September 30, 2018 December 31, 2017 (unaudited) Leasehold improvements $ 114 $ 114 Furniture and fixtures 286 268 Machinery and equipment 836 842 1,236 1,224 Less accumulated depreciation and amortization (1,116 ) (1,052 ) Property and equipment, net $ 120 $ 172 |
Schedule of Accrued Liabilities [Table Text Block] | September 30, 2018 December 31 , 201 7 (unaudited) Accrued warranty $ 372 $ 322 Accrued outside commissions 48 69 Deferred rent 24 29 Other accrued liabilities 9 34 Total other accrued liabilities $ 453 $ 454 |
Note 6 - Contingencies (Tables)
Note 6 - Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Product Warranty Liability [Table Text Block] | Nine months Ended September 30, 201 8 Year Ended December 31, 201 7 (unaudited) Beginning balance $ 322 $ 236 Cost of warranty claims (13 ) (37 ) Accruals for product warranties 63 123 Ending balance $ 372 $ 322 |
Note 7 - Commitments (Tables)
Note 7 - Commitments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Years Ending December 31, Minimum Lease Payment Sublease Revenue Net Minimum Lease Payment Remainder of 2018 $ 73 (36 ) $ 37 2019 274 (147 ) 127 2020 147 (12 ) 135 2021 23 - 23 Total Commitment $ 517 $ (195 ) $ 322 |
Note 8 - Stock Incentive Plan_2
Note 8 - Stock Incentive Plans and Share-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at December 31, 2017 188,033 $ 7.38 8.63 — Granted — — — — Exercised (5,500 ) 7.08 — — Forfeited, canceled or expired (4,533 ) 15.23 — — Outstanding at September 30, 2018 178,000 7.19 8.01 — Exercisable at September 30, 2018 178,000 $ 7.19 8.01 $ — |
Note 10 - Segment Information (
Note 10 - Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | Three Months Ended September 30, Nine months Ended September 30, 201 8 201 7 201 8 201 7 Revenue Power Supplies $ 1,612 $ 1,542 $ 4,598 $ 4,655 Storage: Product 789 791 1,973 1,658 Service 753 422 2,749 1,148 Total storage $ 1,542 $ 1,213 $ 4,722 $ 2,806 Revenue $ 3,154 $ 2,755 $ 9,320 $ 7,461 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | Three Months Ended September 30, Nine months Ended September 30, 201 8 201 7 201 8 201 7 Income (loss) before Taxes Power Supplies $ 164 $ 4 $ 181 $ 44 Storage 241 (152 ) 1,288 (75 ) Income (loss) before taxes $ 405 $ (148 ) $ 1,469 $ (31 ) |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | September 30, 2018 December 31, 201 7 Total Assets ( ) Power Supplies Cash and cash equivalents $ 255 $ 721 Accounts receivable, net 1,248 831 Inventories, net 1,465 725 Property and equipment, net 51 64 Other assets 98 8 Total power supply assets 3,117 2,349 Storage Cash and cash equivalents $ 4,576 $ 3,977 Restricted cash 100 100 Accounts receivable, net 798 971 Inventories, net 1,253 839 Prepaid expenses and other current assets 180 163 Property and equipment, net 69 108 Other assets 29 60 Total storage assets 7,005 6,218 Total Assets $ 10,122 $ 8,567 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017 | Sep. 30, 2018USD ($) | Sep. 30, 2017 | Dec. 31, 2017USD ($) | |
Deferred Revenue | $ 818,000 | $ 818,000 | $ 927,000 | ||
Number of Operating Segments | 2 | 2 | 2 | 2 |
Note 3 - Significant Customer_3
Note 3 - Significant Customers, Concentration of Credit Risk, and Geographic Information (Details Textual) - Customer Concentration Risk [Member] | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Sales Revenue, Net [Member] | |||||
Concentration Risk, Percentage | 12.30% | 15.00% | |||
Number of Major Customers Concentration Risk | 3 | 1 | 1 | 1 | |
Sales Revenue, Net [Member] | Customer 1 [Member] | |||||
Concentration Risk, Percentage | 12.10% | 14.60% | |||
Sales Revenue, Net [Member] | Customer 2 [Member] | |||||
Concentration Risk, Percentage | 11.10% | ||||
Sales Revenue, Net [Member] | Customer 3 [Member] | |||||
Concentration Risk, Percentage | 10.70% | ||||
Accounts Receivable [Member] | |||||
Concentration Risk, Percentage | 60.00% | 31.10% | |||
Number of Major Customers Concentration Risk | 3 | 2 |
Note 3 - Significant Customer_4
Note 3 - Significant Customers, Concentration of Credit Risk, and Geographic Information - Geographic Activity, Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net revenues | $ 3,154 | $ 2,755 | $ 9,320 | $ 7,461 |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Net revenues | $ 3,154 | $ 2,755 | $ 9,320 | $ 7,461 |
Percentage of net revenues | 100.00% | 100.00% | 100.00% | 100.00% |
North America [Member] | Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Net revenues | $ 1,723 | $ 1,962 | $ 5,082 | $ 4,785 |
Percentage of net revenues | 54.60% | 71.20% | 54.50% | 64.10% |
Europe [Member] | Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Net revenues | $ 545 | $ 356 | $ 1,427 | $ 1,447 |
Percentage of net revenues | 17.30% | 12.90% | 15.30% | 19.40% |
Asia Pacific [Member] | Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Net revenues | $ 883 | $ 396 | $ 2,769 | $ 1,113 |
Percentage of net revenues | 28.00% | 14.40% | 29.70% | 14.90% |
Other Geographic Areas [Member] | Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Net revenues | $ 3 | $ 41 | $ 42 | $ 116 |
Percentage of net revenues | 0.10% | 1.50% | 0.50% | 1.60% |
Note 4 - Net Earnings Per Sha_3
Note 4 - Net Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,333 | 188,633 |
Note 4 - Net Earnings Per Sha_4
Note 4 - Net Earnings Per Share - Computation of Basic and Diluted Net Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income (loss) | $ 405 | $ (148) | $ 1,469 | $ (31) |
Weighted average outstanding shares of common stock (b) (in shares) | 2,048 | 2,042 | 2,048 | 2,042 |
Dilutive potential common shares from employee stock options (in shares) | 17 | 40 | ||
Common stock and common stock equivalents (in shares) | 2,065 | 2,042 | 2,088 | 2,042 |
Basic (in dollars per share) | $ 0.20 | $ (0.07) | $ 0.72 | $ (0.02) |
Diluted (in dollars per share) | $ 0.20 | $ (0.07) | $ 0.70 | $ (0.02) |
Note 5 - Balance Sheet Detail_2
Note 5 - Balance Sheet Details (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Depreciation, Total | $ 17,000 | $ 36,000 | $ 69,000 | $ 119,000 |
Note 5 - Balance Sheet Detail_3
Note 5 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Raw materials | $ 174 | $ 55 |
Finished goods | 2,544 | 1,509 |
Net inventory balance | $ 2,718 | $ 1,564 |
Note 5 - Balance Sheet Detail_4
Note 5 - Balance Sheet Details - Property and Equipment, Net (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property and equipment, gross | $ 1,236 | $ 1,224 |
Less accumulated depreciation and amortization | (1,116) | (1,052) |
Property and equipment, net | 120 | 172 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | 114 | 114 |
Furniture and Fixtures [Member] | ||
Property and equipment, gross | 286 | 268 |
Machinery and Equipment [Member] | ||
Property and equipment, gross | $ 836 | $ 842 |
Note 5 - Balance Sheet Detail_5
Note 5 - Balance Sheet Details - Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accrued warranty | $ 372 | $ 322 |
Accrued professional fees | 48 | 69 |
Deferred rent | 24 | 29 |
Other accrued liabilities | 9 | 34 |
Total other accrued liabilities | $ 453 | $ 454 |
Note 6 - Contingencies (Details
Note 6 - Contingencies (Details Textual) | 9 Months Ended |
Sep. 30, 2018 | |
Product Warranty Accrual, Tape Libraries Parts and Labor, Term | 3 years |
Product Warranty Accrual, Power Supplies, Term | 3 years |
Note 6 - Contingencies - Produc
Note 6 - Contingencies - Product Warranty Liability (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Beginning balance | $ 322 | $ 236 |
Cost of warranty claims | (13) | (37) |
Accruals for product warranties | 63 | 123 |
Ending balance | $ 372 | $ 322 |
Note 7 - Commitments (Details T
Note 7 - Commitments (Details Textual) | May 01, 2016USD ($)ft² | Apr. 01, 2016USD ($)ft² | Mar. 21, 2016USD ($) | Dec. 15, 2014USD ($)ft² | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) |
Operating Leases, Rent Expense, Net, Total | $ 37,000 | $ 36,000 | $ 113,000 | $ 107,000 | ||||
Simi Valley California [Member] | ||||||||
Area of Real Estate Property | ft² | 15,160 | |||||||
Lessee, Operating Lease, Term of Contract | 3 years | |||||||
Lessee, Operating Lease, Renewal Term | 3 years | |||||||
Operating Lease Monthly Rent | $ 11,000 | |||||||
Monthly Rent Step-up Percentage | 3.00% | |||||||
Westlake Village, California [Member] | ||||||||
Area of Real Estate Property | ft² | 5,400 | |||||||
Operating Lease Monthly Rent | $ 11,000 | |||||||
Monthly Rent Step-up Percentage | 3.00% | |||||||
Operating Leases, Monthly Sublease Rent | $ 12,000 | |||||||
Operating Leases, Sublease, Monthly Rent Step-up Percentage | 3.00% | |||||||
Singapore [Member] | ||||||||
Area of Real Estate Property | ft² | 1,359 | |||||||
Lessee, Operating Lease, Term of Contract | 2 years | |||||||
Operating Lease Monthly Rent | $ 2,500 |
Note 7 - Commitments - Future M
Note 7 - Commitments - Future Minimum Lease Payments (Details) $ in Thousands | Sep. 30, 2018USD ($) |
2018, Minimum Lease Payment | $ 73 |
2018, Sublease Revenue | (36) |
2018, Net Minimum Lease Payment | 37 |
2019, Minimum Lease Payment | 274 |
2019, Sublease Revenue | (147) |
2019, Net Minimum Lease Payment | 127 |
2020, Minimum Lease Payment | 147 |
2020, Sublease Revenue | (12) |
2020, Net Minimum Lease Payment | 135 |
2021, Minimum Lease Payment | 23 |
2021, Sublease Revenue | |
2021, Net Minimum Lease Payment | 23 |
Total Commitment, Minimum Lease Payment | 517 |
Total Commitment, Sublease Revenue | (195) |
Total Commitment, Net Minimum Lease Payment | $ 322 |
Note 8 - Stock Incentive Plan_3
Note 8 - Stock Incentive Plans and Share-based Compensation (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Allocated Share-based Compensation Expense, Total | $ 0 | $ 0 | |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | 0 | $ 0 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 178,000 | 188,033 | |
Plan 2008 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 20,000 | ||
Plan 2017 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 200,000 |
Note 8 - Stock Based Compensati
Note 8 - Stock Based Compensation - Stock Option Activity (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Outstanding (in shares) | 188,033 | |
Weighted-average exercise price per share, outstanding (in dollars per share) | $ 7.38 | |
Weighted-average remaining contractual term, outstanding (Year) | 8 years 3 days | 8 years 229 days |
Granted (in shares) | ||
Weighted-average exercise price per share, granted (in dollars per share) | ||
Exercised (in shares) | (5,500) | |
Weighted-average exercise price per share, exercised (in dollars per share) | $ 7.08 | |
Forfeited, canceled or expired (in shares) | (4,533) | |
Weighted-average exercise price per share, forfeited or expired (in dollars per share) | $ 15.23 | |
Outstanding (in shares) | 178,000 | 188,033 |
Weighted-average exercise price per share, outstanding (in dollars per share) | $ 7.19 | $ 7.38 |
Exercisable (in shares) | 178,000 | |
Weighted-average exercise price per share, exercisable (in dollars per share) | $ 7.19 | |
Weighted-average remaining contractual term, exercisable (Year) | 8 years 3 days |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Tax Expense (Benefit), Total | $ 0 | $ 0 |
Note 10 - Segment Information_2
Note 10 - Segment Information (Details Textual) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Number of Operating Segments | 2 | 2 | 2 | 2 |
Note 10 - Segment Information -
Note 10 - Segment Information - Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Revenue | $ 3,154 | $ 2,755 | $ 9,320 | $ 7,461 |
Power Supplies [Member] | ||||
Revenue | 1,612 | 1,542 | 4,598 | 4,655 |
Data Storage [Member] | ||||
Revenue | 1,542 | 1,213 | 4,722 | 2,806 |
Data Storage [Member] | Product [Member] | ||||
Revenue | 789 | 791 | 1,973 | 1,658 |
Data Storage [Member] | Service [Member] | ||||
Revenue | $ 753 | $ 422 | $ 2,749 | $ 1,148 |
Note 10 - Segment Information_3
Note 10 - Segment Information - Income Before Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income (loss) before taxes | $ 405 | $ (148) | $ 1,469 | $ (31) |
Power Supplies [Member] | ||||
Income (loss) before taxes | 164 | 4 | 181 | 44 |
Data Storage [Member] | ||||
Income (loss) before taxes | $ 241 | $ (152) | $ 1,288 | $ (75) |
Note 10 - Segment Information_4
Note 10 - Segment Information - Total Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Cash and cash equivalents | $ 4,831 | $ 4,698 |
Accounts receivables, net | 2,046 | 1,802 |
Inventories, net | 2,718 | 1,564 |
Property and equipment, net | 120 | 172 |
Other assets | 119 | 68 |
Total Assets | 10,122 | 8,567 |
Restricted cash | 100 | 100 |
Prepaid expenses and other current assets | 188 | 163 |
Total Assets | 10,122 | 8,567 |
Power Supplies [Member] | ||
Cash and cash equivalents | 255 | 721 |
Accounts receivables, net | 1,248 | 831 |
Inventories, net | 1,465 | 725 |
Property and equipment, net | 51 | 64 |
Other assets | 98 | 8 |
Total Assets | 3,117 | 2,349 |
Total Assets | 3,117 | 2,349 |
Data Storage [Member] | ||
Cash and cash equivalents | 4,576 | 3,977 |
Accounts receivables, net | 798 | 971 |
Inventories, net | 1,253 | 839 |
Property and equipment, net | 69 | 108 |
Other assets | 29 | 60 |
Total Assets | 7,005 | 6,218 |
Restricted cash | 100 | 100 |
Prepaid expenses and other current assets | 180 | 163 |
Total Assets | $ 7,005 | $ 6,218 |
Note 11 - Related Party Trans_2
Note 11 - Related Party Transactions (Details Textual) - Interlink Electronics, Inc. [Member] - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Due from Related Parties, Total | $ 1,000 | $ 1,000 | $ 2,000 | ||
Due to Related Parties, Total | 0 | 0 | $ 17,000 | ||
Administrative Services Provided to Related Party [Member] | |||||
Related Party Transaction, Amounts of Transaction | 4,000 | $ 3,000 | 12,000 | $ 8,000 | |
Reimbursement of Expenses Paid by Company [Member] | |||||
Related Party Transaction, Amounts of Transaction | $ 50,000 | $ 1,000 | $ 180,000 | $ 8,000 |